Beginning Work in Process Consists of 7,000 Units, 55% Complete

question 70

Multiple Choice

Beginning work in process consists of 7,000 units, 55% complete. 50,000 units were started and ending work in process is 5,000 units, 25% complete. Normal spoilage is equal to 10% of the units inspected. The inspection point occurs at the 20% point and 7,000 units were rejected. Direct materials are added at the 50% point, direct labor at 30% and overhead is applied uniformly. The costs per equivalent unit are: direct material $1.00; direct labor $1.50; overhead $2.00. The equivalent units of labor are

• A) 48,000
• B) 45,000
• C) 46,000
• D) 46,500

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Definitions:

Durkheim

A French sociologist, social psychologist, and philosopher who is considered one of the founding fathers of sociology.

Marx

Karl Marx was a 19th-century philosopher, economist, and revolutionary, best known for his works on capitalism and communism as well as for founding Marxist theory.

Religious Practice

Religious practice refers to the actions, rituals, and ceremonies individuals or communities partake in as part of their adherence to the beliefs and tenets of a religion.

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